American Financial Solutions understands that the future is in our younger generations hands. Take a look at ways to keep your little ones interested in financial planning for their future!!

1. TEACHING KIDS
ABOUT FINANCE
Teaching your children about financial responsibility
and budgeting is one of the most valuable lessons a parent
can pass on to their kids. In addition to enjoying some
all-important quality time, you’ll be preparing your kids for a
lifetime of responsible saving and spending. Take advantage
of some of these fun and easy tips to help make learning fun
and easy for your children!

2. INCLUSIVITY
The first step to exposing your kids to good financial
habits is to let them see it firsthand. Many parents believe
money should be kept away from a child’s curious eyes as
it’s considered more of an “adult” concern, but showing your
children how you budget can establish a more grounded
perspective of money. Whether you’re paying bills or
investing in the stock market, letting your kids peer over your
shoulder allows them to ask questions and learn about
money management.

3. HANDS-ON
PRACTICE
Once they’ve seen you work with real money and have a
basic grasp on mathematics, they’re ready to have some real
practice. Create pretend situations for your child to navigate
with a particular amount of money. Use this game as an op-
portunity to teach vital monetary lessons such as saving
toward a goal or paying bills. If your kids achieve their
made-up goals during the game, reward them. A little candy
goes a long way in teaching positive habits.

4. PIGGY BANKS
Everyone comes across some spare change in the seat
cushions or parking lot at one point or another. Give your
children a place to store all that pocket change. Piggy banks
come in fun shapes and sizes and provide a visual cue to
entice kids to save their money. Try setting a deadline for
your child. Every month, for example, you and your child can
count the accrued change in the piggy bank and either spend
it on whatever they want or save it for a larger goal.

5. SAVING WITH
PURPOSE
As children grow older, candy rewards may no longer
satisfy them. They may want a new doll, cool shoes or a
football that requires more targeted saving than a mere
candy bar. At this point, your child is ready to learn saving
discipline. Give them an allowance and teach them to save
their money wisely in order to purchase what they want. Be
sure to emphasize that it will take time, but they can
purchase the items they want all on their own.

6. FINANCIAL COUNSELING
AND MANAGEMENT
SERVICES IN SEATTLE,
WA
Financial responsibility starts in childhood. Ensure you have
all the lessons and tools you need to pass on positive money
habits to your children by establishing them in your own life
with the help of a financial counselor. Whether you’re
interested in consolidating your debt, dealing with your
student loans or want some assistance purchasing your first
home, the financial experts at American Financial Solutions
can help you reach your fiscal goals. To learn more about our
financial counseling and management services, call
888-864-8548 today!